In the cryptocurrency sphere, many investors are familiar with altcoins traded on Binance or traditional exchanges. However, there are hidden gems, particularly in meme coins, that emerge suddenly and offer lucrative opportunities with limited trading volume. These gems often go unnoticed by the majority of investors until it is too late. This discussion focuses on two such altcoins that have come into the spotlight this month.

DOG-GO-THE-MOON (DOG)

Recently, DOG surged to an all-time high of $0.00962 before retracing to $0.00879, witnessing a modest decline of approximately 10% at the time of writing. While profit-taking in lesser-known meme coins can lead to significant gains, the current analysis indicates a lack of significant risks for DOG.

The Elder-Ray Index, a tool for assessing market control, signals that bulls are in firm control of DOG. This index, which measures buying and selling pressures, suggests a continuation of the uptrend when providing a positive reading. If the anticipated scenario unfolds, with bulls regaining momentum after a 10% correction, revisiting the all-time high price is a possibility.

There is further upside potential up to $0.015, especially with the growing interest in meme coins as Bitcoin maintains levels above $69,000.

ANDY ETH (ANDY)

ANDY Token, another relatively unknown cryptocurrency, is trading at $0.00025 and has breached the 20-day EMA. Historically, reclaiming this moving average has signaled a potential short-term bullish uptrend for ANDY Token.

The RSI indicator stands at 71.3, reflecting the strength of buyers. A breach above 70 in the RSI suggests excessive demand, indicating a possibility for further price recovery and the continuation of a rally.

In an optimistic scenario where bulls continue their accumulation, testing the all-time high of $0.000300 could be imminent, with a potential new peak at $0.0005. However, predicting future outcomes remains uncertain, leaving room for various scenarios to unfold.

The original content was first featured on COINTURK NEWS.